Thursday, July 6, 2006
Category:
Home Improvements
Property prices in the UK have risen again last month, according to the latest housing market value index.
New figures from Rightmove found that the June house price index saw average asking prices going up by £1613, an increase of just under 1% compared to the previous month.
This positive economic indicator equates to the average UK house price standing at £211,442 . London fuelled the rise and saw sellers' asking prices at around £315,224. This is an 11.7% rise compared to the previous year.
Miles Shipside, Rightmove commercial director, said: “ The buoyancy of the southern economy and demand for quality property by affluent buyers are having an effect on increasing homeowners’ net worth even further.”
With these increases in house prices, many consumers may well consider a home owner loan which would allow them some extra financial leeway for a summer getaway or a series of improvements to their house or garden.
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Using a home owner loan to undertake home improvements or garden refurbishment could be a great way to increase the value of your property in the long run.
